07/04/2017 World Business Report

Now for the latest financial news with Aaron Heslehurst,

Face-to-face and just the start of what President Trump calls

Yep - the leaders of the world's two biggest economies finally meet,

as the world holds its breath to see if these can avoid a trade war.

And a lawsuit that probably runs for more than 140 characters -

Twitter is suing the US government after the Trump administration

demanded to know the identity of an anti-Trump account.

Good morning, Britain - I forgot to say this. A shortened report on what

we are seeing in Syria. But we started talking about this

yesterday, it is to do a big talk. --2 day.

The Chinese President has arrived in the US for a meeting

with his counterpart President Donald Trump.

Mr Trump is hosting the Xi Jinping at his Mar-a-Lago resort in Florida.

Their two-day meeting is the first time they are talking in person.

Mr Trump has earlier said the summit "will be

Last year, he accused China of "raping the US".

And during his election campaign, he said massive trade deficits

and job losses could no longer be tolerated.

So, can these two deal-makers avert a potential trade war?

That is the big question. I have the person with the answer.

With me is Linda Yueh, Professor of Economics

Great to see you as always. Look, boy, how time flies, one minute he

accuses China of raping America and the next he says they finally meet

and it is the start of a great relationship. I think in many ways

we should be relieved! Absolutely! Because I think there is a very real

prospect that the United States will order to deter essentially Chinese

imports but also they could accept more pressure on American companies

to produce more at home, both of these things could be short of a

trade war but actually quite damaging the US - China

relationships because remember President Trump has just announced

an executive order that in 90 days he will review all of the countries

that have trade deficits with the United States in goods. Guess who is

top of that? It's China. By far. I don't mean to be stupid but for the

uninitiated, when we talk about trade deficit means the Americans

buy more from China than China buys from America, right? Yes. Indeed. We

know the generally speaking that is what the trump administration is

trying to change. But how do you change that? Do you force China to

buy? Are you put a gun to their head and tell them to buy their goods?

You cannot, all you can do is use taxes and also we know, tariffs, but

we know that President Trump exert a lot of pressure on American

companies in terms of pulling back their supply chains, is one thing

that is trade adviser has suggested and by the way it is damaging for

American companies and also I think that's probably the extent to which

they'll go. The Chinese currency has no longer ceased to become a big

issue, it's no longer significantly undervalued, according to the IMF,

so it won't make a big impact but what will use what companies choose

to do in terms of where they buy because places like Walmart buy from

China and sell in the United States. And couple who manufacture in Taiwan

as an example. -- and couple. As China have begun, a bit of

ammunition, in its back pocket, in the sense that and correct me if I'm

wrong, China halt all that US debt. It holds a lot of US currency,

basically, and they could influence what China does, it could influence

the value of the US dollar? They could but I think they would use it

very cautiously. What China probably has more open it to close all is to

say we have a vast market and the best way to equalise trade between

the two countries is that we are willing to liberalise more of our

market if you can play fair and I think that is going to be the key

language to watch. They will both say they want a level playing field

but they define fairness differently and I think in this meeting we

shouldn't expect any big pronouncement on its their first

face-to-face meeting, they will get a sense of what each other means.

The Chinese want to make is trump a businessman or the campaign on the

trial and Trump wants to get a feeling for Xi Jinping, whether he

can play fair in an American sense of levelling out the deficit and I

suspect the Chinese will give them some carrots but probably also hold

a few sticks. Keep a few sticks aside is always good. Short and

sweet but we appreciate this. Thank you, Linda.

Twitter is suing the US government after the Trump administration

demanded the Twitter reveal the identity

The user profile - the government was complaining

about was an anonymous profile account criticising

President Trump's immigration policy.

Dave Lee sent us this from San Francisco.

In January, when Donald Trump became President Trump, several so-called

alternative accounts for US government services began appearing

online. Most claim to be authored by current or former employees of those

agencies and they offered us criticisms of their new boss. Now

it's been revealed that US Customs and border protection filed

documents demanding Twitter reveal the identity of at least one of the

Twitter is speaking ill of President Trump. The SQL or the government is

using is meant to be for finding out more information about the source of

imported goods coming into the USA. And not for a masking online

identities. Therefore, Twitter has asked a judge to refuse the request,

calling it an issue of free speech. Their move has been strongly backed

by groups who support strong online privacy. Twitter is protecting its

users here, I think it, as a platform, really wants to be a place

where people can speak freely. Yes, I think this is important for them

to be doing and I think they are doing it a place of actually wanting

to protect their uses and protects speech. President Trump famously

loved using Twitter because he says the guess in the freedom to say what

he wants without having to go by the mainstream media. With this lawsuit,

Twitter is saying that freedom should apply to everybody on the

network, even if they are anonymous, and even if they are criticising the

commander-in-chief. Good on you, Dave. I will be back with James in a

little bit to talk more about Syria.